Reinstatement Cost Assessments
Accurate and reliable Insurance Reinstatement Cost Assessments, ensuring your property is correctly insured.
With 9 out of 10 UK properties estimated to be insured for the wrong amount, regular assessments are essential to safeguard your investment and avoid costly shortfalls in the event of a claim.
Why RCAs are crucial
Incorrect insurance cover can leave you exposed. If a property is underinsured, insurers may apply the ‘Condition of Average Clause’, which reduces the claim amount in proportion to the level of under-insurance. This can result in significant financial loss at the point of claim — just when you need the protection most. Our RCAs help mitigate this risk by providing a professional assessment of the full cost to reinstate your property following total loss, including:
- Demolition and debris removal
- Professional fees — architects, engineers, surveyors, and others.
- Compliance with current building regulations
- Inflationary and regional cost variations
Who needs an RCA? Property owners, to ensure insurance cover reflects the true cost of reinstatement; landlords, to protect a portfolio and demonstrate compliance to lenders and insurers; managing agents, to accurately insure blocks under management and avoid disputes with leaseholders; and commercial tenants, to understand their liability under lease agreements.
Not sure which one you need?
Send the outline and the right surveyor replies — usually within 48 hours.
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